What? Hagerty doesn't insure plywood boats?

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BarnacleMike
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What? Hagerty doesn't insure plywood boats?

Post by BarnacleMike » Wed May 22, 2019 11:05 am

After several years now of attending boatbuilder gatherings & classic boat shows, I decided to finally get an insurance policy on my boat.

During all this time, at gatherings, shows, on this forum, WoodyBoater, and every related magazine I've picked up I have seen one name at every turn: Hagerty.

Given that, and the fact that I'm an ACBS member & therefore get some kind of discount with Hagerty... that's who I went to for a quote. I filled out their online form, and today I got their reply:

"...We are sorry to inform you that we are unable to offer coverage at this time due to:
• The boat does not fit our program: In order for us to consider homemade boats, the hull must be wood planked"


But, the boat IS wood planked. I thought there must be some kind of mistake, so I called them.

Sure enough, the magic word is "plywood." If it's plywood, they're not interested.

I asked, "So if this was an original Chris Craft kit boat from the '50s, you still wouldn't insure it?"

"No."

So much for the great Hagerty, I suppose.
-Michael

"How long does it take to build a boat? Until it's finished" — yours truly

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Roberta
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Re: What? Hagerty doesn't insure plywood boats?

Post by Roberta » Wed May 22, 2019 12:00 pm

I use State Farm. Better rates than Haggerty.

Roberta
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BarnacleMike
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Re: What? Hagerty doesn't insure plywood boats?

Post by BarnacleMike » Wed May 22, 2019 6:14 pm

My cars are insured with State Farm. I’ll give them a shot.
-Michael

"How long does it take to build a boat? Until it's finished" — yours truly

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Roberta
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Re: What? Hagerty doesn't insure plywood boats?

Post by Roberta » Wed May 22, 2019 6:17 pm

We have our cars, home, boat and other valuables and an umbrella policy with them. Good company.

Roberta
Roberta "Queen of the Boat Builders"
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Re: What? Hagerty doesn't insure plywood boats?

Post by Hercdrvr » Wed May 22, 2019 7:25 pm

Hagerty has my Malahini insurance. I told them is was a Glen L Malahini and that was the end of it. If hull material ever comes up, well, it’s Oak, Doug Fir and fiberglass. Does Hagerty know how much crap plywood is in an entry level Bayliner?
Grrr,
Matt B

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Locutus
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Re: What? Hagerty doesn't insure plywood boats?

Post by Locutus » Thu May 23, 2019 6:32 am

Strange.
I have all my other insurance with State Farm, but my agent there couldn't get me a policy for my brand new Stevenson Skipjack, made of plywood. But I WAS able to get a policy with Hagerty. This was in 2015 thru 2017. Go figure.

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Re: What? Hagerty doesn't insure plywood boats?

Post by BarnacleMike » Thu May 23, 2019 6:45 am

Locutus wrote:
Thu May 23, 2019 6:32 am
...brand new Stevenson Skipjack, made of plywood. But I WAS able to get a policy with Hagerty. This was in 2015 thru 2017. Go figure.
I guess I should clarify that the lady I spoke with at Hagerty said the issue was with home-built boats made with plywood. I suppose production boats are a different story?

But then again, there's Matt's Malahini...

As you said, Go Figure.
-Michael

"How long does it take to build a boat? Until it's finished" — yours truly

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Locutus
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Re: What? Hagerty doesn't insure plywood boats?

Post by Locutus » Thu May 23, 2019 2:06 pm

I built the Skipjack myself from plans. I even gave the agent a link to my build thread so they could verify the $9000.00+ cost of materials.

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Re: What? Hagerty doesn't insure plywood boats?

Post by gdcarpenter » Thu May 23, 2019 2:35 pm

Sold my ZIP last year but had it insured with Hagerty's fro 5 years with no issue.
This is my first, last and only boat build.

http://www.gdzipbuild.blogspot.com

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Re: What? Hagerty doesn't insure plywood boats?

Post by vupilot » Thu May 23, 2019 7:40 pm

My Zip was also insured with Hagerty. Wonder if that is something new.

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Re: What? Hagerty doesn't insure plywood boats?

Post by BarnacleMike » Fri May 24, 2019 4:22 am

It is strange, especially since Hagerty apparently HAS insured home-built, plywood boats. I wonder if the overall value of the boat is somehow part of the equation? The little Utility isn’t (monetarily) worth all that much... the most valuable part of it is the Nissan outboard motor.

I didn’t even want insurance for the sake of MY boat, anyway. I just wanted it insured so I could take it to an ACBS event or two. And, God forbid, in case I should accidentally damage someone ELSE’S boat.

We’ll see how things go with State Farm.
-Michael

"How long does it take to build a boat? Until it's finished" — yours truly

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Re: What? Hagerty doesn't insure plywood boats?

Post by Bill Edmundson » Fri May 24, 2019 6:55 am

Michael

Almost all of my insurance is with St. Farm. For the boats, they asked what did the trailer cost? What did the engine cost? And, what do you think the boat is worth. I think I had to send them a picture. And of coarse a check. :wink:

Bill
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Re: What? Hagerty doesn't insure plywood boats?

Post by steveh41 » Fri May 24, 2019 8:03 am

The longest journey begins with a single step… then repeat as necessary!

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Re: What? Hagerty doesn't insure plywood boats?

Post by mrintense » Sat May 25, 2019 7:39 am

Well this is a potentially troubling thought. I am glad that other's have had luck getting insurance through someone. Perhaps it's just the agent being overly zealous?
Carl
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Roberta
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Re: What? Hagerty doesn't insure plywood boats?

Post by Roberta » Sat May 25, 2019 8:45 am

Hagerty was willing to insure our Torpedo. Just the rate was too high. I have it insured for 50k with about $475.00 annual premium with State Farm.

I think it helps to have the right agent regardless of who you insure with.

Roberta
Roberta "Queen of the Boat Builders"
Built Zip "Oliver IV", Super Spartan "Jimmy 70", and Torpedo "The Glen L".

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